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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Medical Office Space
343 Hancock St Gallatin, TN 37066-3690
Individually Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0189435
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Total area
4,172 SF
Lot
1.1 ac (47,916 SF)
Zoning code
OPS
APN
083126O D 00403
UPID
US80-0189435
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Derek S. Peveler, OD Physician
-
Thomas L. Graves, OD Physician
-
Sumner Eyecare Physician
-
Adam Neal Counselor Optometrist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$870k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Thomas L Graves · 25 yrs held
Thomas L Graves
since 2001
7 recorded transactions
Zoning & alternative use
OPS · Gallatin, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$161 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,508
Tax year 2023
Assessed value
$147,680
Assessed 2023
Previous assessed
$147,680
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$36,000
Assessed improvement
$111,680
Land market value
$90,000
Improvement market value
$279,200
Total market value
$369,200
Applied tax rate
83.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
4,172 SF
Lot
1.1 ac (47,916 SF)
Zoning code
OPS
APN
083126O D 00403
UPID
US80-0189435
Jurisdiction
SUMNER
Zoning & alternative use
OPS · Gallatin, TN
Zoning OPS · permitted uses
OPS · Gallatin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gallatin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Thomas L Graves
Individual
Mailing address
986 ISAAC FRANKLIN DR, GALLATIN, TN 37066-7447
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2012
—
Thomas L Graves
—
Trustees Deed
related
$288,507 · Sumner Bank & Trust
Sep 7, 2007
—
Thomas L Graves
—
Trustees Deed
related
$70,511 · Sumner Bank & Trust
Jan 5, 2001
$353,600
Thomas L Graves
Baggett,j D & Clarice M
Grant Deed
$300,560 · Individual
—
—
Thomas L Graves
—
Deed Of Trust
related
$328,507 · Sumner Bank & Trust
—
—
Thomas L Graves
—
Deed Of Trust
related
$378,742 · Sumner Bank & Trust
—
—
Thomas L Graves
—
Deed Of Trust
related
$419,716 · Sumner Bank & Trust
—
—
Thomas L Graves
—
Deed Of Trust
related
$381,100 · Sumner Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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